HGV vs QQQ: Correlation
Measured on weekly returns over the past three years, Hilton Grand Vacations Inc. (HGV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and QQQ?
Over the past 3 years, HGV and QQQ moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 309.1 %².
Out of 37 assets tracked against HGV, QQQ lands near the bottom at #33. Correlation aside, the last 12 months split them widely, with QQQ ahead by 33.5 points (-7.2% versus +26.3%). Risk is not evenly split, since HGV carries 1.9 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HGV vs QQQ: side by side
| HGV (Hilton Grand Vacations Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.2% | +26.3% |
| 5-year return | +1.7% | +95.4% |
| Volatility (ann.) | 36.3% | 19.6% |
| Beta vs S&P 500 | 1.38 | 1.28 |
| Max drawdown (3Y) | -34.6% | -22.8% |
| Market cap | $3.4B | – |
| P/E (trailing) | 25.6 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | HGV | QQQ |
|---|---|---|
| 2022 | -26.0% | -32.6% |
| 2023 | +4.3% | +54.9% |
| 2024 | -3.1% | +25.6% |
| 2025 | +14.9% | +20.8% |
| 2026 | -2.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and QQQ good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HGV and QQQ?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.48 over the last year and 0.52 over 5 years.
Is QQQ a good diversifier for HGV?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hgv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hgv-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HGV correlations · QQQ correlations
